In 2021, international iron ore prices will rise sharply. This year, iron ore prices fluctuated around US$130/ton, showing relatively stable performance. However, under the stimulus of various policies, international iron ore prices may rise again.
The Mining Intelligence website lists the world's top 10 iron ore companies based on 2021 iron ore production, excluding non-mining companies such as Mitsui. In 2021, the iron ore output of these 10 companies will total 1.245 billion tons.
Affected by heavy rains in Minas Gerais, the largest mining state, Vale had previously ceded the throne to Rio Tinto. In 2021, this mining company from the state of Rio will produce 319.6 million tons of iron ore, regaining the title of the world's largest iron ore company.
2. Rio Tinto
The world's second-ranked miner is also the world's second-largest iron ore producer, with the Australian company producing 276.6 million tonnes of iron ore in 2021.
3. BHP Billiton (BHP)
In 2021, BHP Billiton, the world's largest miner and third-largest iron ore producer, will produce 245.4 million tonnes.
4. Fortescue Metals
Forty Jin Metals was ranked fourth this year. The Perth-based miner will produce 184.7 million tonnes in 2021.
Mining and manufacturing company ArcelorMittal from Luxembourg ranked fifth. In 2021, the company's iron ore production will be 51.2 million tons.
Russian mining and manufacturing company Metal Investment Corporation ranks sixth, with iron ore production of 40.8 million tons in 2021.
7. National Mining Corporation of India (NMDC)
NMDC is India's largest iron ore producer and seventh in the world. The company's production in 2021 will be 35.0 million tons.
8. Brazil National Steel Corporation (CSN, Companhia Sideuraica Nacional)
Brazilian mining and manufacturing company CSN ranks eighth, producing 31.6 million tons of iron ore in 2021.
9. Kumba lron Ore
South Africa's Kumba Iron Ore Company ranks ninth with a production of 30.2 million tons in 2021.
10. Steel Authority of India
SAI ranks 10th with a production of 30 million tons in 2021. (Ministry of Natural Resources)
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